GTSAX Fees and Costs — Invesco Small Cap Growth Fund, Class A
Data updated: 2026-08-25
The net expense ratio is 1.17%: a 0.69% management fee, a 0.25% 12b-1 fee plus 0.23% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $1.7M in broker commissions, 0.1004% of average net assets, and portfolio turnover was 85%.
GTSAX Fees and Expenses
Annual operating expenses and sales charges of GTSAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.17% |
| Fee waiver | — |
| Net expense ratio | 1.17% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GTSAX Costs Over Time
On $10,000 invested in GTSAX, assuming 5% a year before costs, total costs come to $1,449 over 5 years, cutting the return by 2.50% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.17%) | $116 | $361 | $625 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $28 | $106 | $221 |
| Total costs | $704 | $1,048 | $1,449 |
| Value after costs | $9,796 | $10,528 | $11,314 |
| Impact on return, per year | 7.04% | 3.27% | 2.50% |
GTSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1004%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $55.2M
- Portfolio turnover (prospectus): 85%
- Securities on loan, average value: $219.6M
- Net income from securities lending: $560K (0.032% of average net assets)
GTSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $282K | 18.27% |
| MORGAN STANLEY & CO. LLC | $245K | 15.89% |
| GOLDMAN, SACHS & CO. | $234K | 15.19% |
| UBS SECURITIES LLC | $183K | 11.86% |
| J.P. MORGAN SECURITIES LLC | $171K | 11.08% |
| CITIGROUP GLOBAL MARKETS INC. | $167K | 10.80% |
| INVESCO CAPITAL MARKETS, INC. | $80K | 5.20% |
| Level Markets, LLC. | $68K | 4.38% |
| LIQUIDNET, INC. | $61K | 3.94% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $52K | 3.39% |
GTSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $14.2M | 25.75% |
| UBS SECURITIES LLC | $13.6M | 24.63% |
| BOFA SECURITIES, INC. | $9.6M | 17.47% |
| CITIGROUP GLOBAL MARKETS INC. | $7.4M | 13.36% |
| GOLDMAN, SACHS & CO. | $4.7M | 8.57% |
| ROBERT W. BAIRD & CO. INC. | $3.6M | 6.51% |
| MORGAN STANLEY & CO. LLC | $2.0M | 3.71% |
Invesco Small Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GTSFX | Class R6 | 0.76% | none |
| GTSVX | Class R5 | 0.83% | none |
| GTSYX | Class Y | 0.92% | none |
| GTSIX | Investor Class | 1.11% | none |
| GTSAX | Class A | 1.17% | 5.50% |
| GTSRX | Class R | 1.42% | none |
| GTSDX | Class C | 1.88% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.